GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday. “The projected valuation...
UK’s Warehouse REIT agrees to $661 million Tritax takeover bid over Blackstone
UK’s Warehouse REIT accepted a 485.2 million pound ($661 million) takeover offer from Tritax Big Box REIT on Wednesday, walking away from a previous deal with Blackstone agreed in early June. Tritax’s cash...
Mars’ $36 billion Kellanova deal gets US antitrust approval as EU opens investigation
Candy maker Mars’ takeover of Pringles maker Kellanova was cleared by U.S. antitrust regulators on Wednesday, but their EU counterparts opened a full-scale investigation into the $36 billion deal, saying it could...
Lakers confirm sale of majority stake in franchise to Mark Walter
The Buss family have agreed to sell a majority stake in the Los Angeles Lakers to TWG Global CEO Mark Walter, the two parties confirmed on Wednesday, while adding that Jeanie Buss will remain governor of the storied NBA...
South Korean game company Krafton to acquire Japan’s ADK for $516 million
South Korean game company Krafton Inc said on Tuesday it had agreed to buy Japan’s advertising and animation group ADK for 75 billion yen ($516.21 million). Krafton, the developer and publisher of the blockbuster...
CCI clears Manipal Group’s stake purchase in Aakash, Bain Capital’s deal with Manappuram Finance
The Competition Commission of India (CCI) on Tuesday said it has cleared three proposals, including Bain Capital’s stake acquisition in Manappuram Finance and Manappuram Asset Finance, and Ranjan Pai-led Manipal Group’s...
Parkland shareholders vote for $9.1 billion acquisition by Sunoco
Parkland Corp shareholders on Tuesday voted in favor of a $9.1 billion deal to be acquired by U.S.-based Sunoco. The company said 93.46% votes were for the deal, which will create America’s largest independent...
Deals of the day – Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** The RiskPoint Group has agreed to acquire Corvus Underwriting GmbH in Frankfurt from Travelers, with the European managing...
Advent to buy equipment maker Spectris for $5.9 billion in Britain’s biggest takeover this year
Private equity firm Advent will acquire Britain’s Spectris in a deal valued at 4.4 billion pounds ($5.91 billion), including debt, the companies said on Monday. Spectris, which makes scientific instruments, was...
Starbucks says it is not currently considering a full sale of its China operations
U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information...
Multiples, 360 One among homegrown PEs eyeing a minority stake in VIP Industries
Domestic private equity (PE) firms such as Multiples Alternatives and 360 One are in talks to pick up a minority stake in listed luggage and travel accessories maker VIP Industries, three people with knowledge of the...
ECB clears Monte Paschi’s takeover bid for Mediobanca, source says
The European Central Bank has cleared Monte dei Paschi di Siena’s proposed acquisition of rival Mediobanca, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshape Italian finance...
